|
DYNAMIC MATERIALS CORP
(BOOM-Nasdaq):
Technical Viewpoint: From a low
of $34.10 on Jun 8, 2007 prices
rallied, reaching a
high of $40.94
on Jul 25, 2007. A
decline saw prices pull back, reaching a
low of
$38.08 on Jul 26, 2007.
Another rally saw prices penetrate
resistance, closing 7/27/07
at $44.25. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 27, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $36.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 15, 2007. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! DYNAMIC MATERIALS CORP
(BOOM-Nasdaq) @ $44.88 Stop: Use a protective stop of $42.88.
DYNAMIC MATERIALS CORP is currently trading @ $44.25 plus $5.04 on Jul 27, 2007. Price Objective:
$54.50. Risk/Reward: $2.00 VS. $9.62. Today's Risk Reward Ratio: 5:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$54.50
Risk/Reward:
$2.00 VS. $9.62
Risk/Reward Ratio:
5:1
|
